24 Burst results for "Federal Bank"

"federal bank" Discussed on WCBM 680 AM

WCBM 680 AM

01:51 min | 2 months ago

"federal bank" Discussed on WCBM 680 AM

"Do the math with us Don't fight the Fed flow with the Fed called +20121027272012102727. That's +20121027 to 7. And offer to buy or sell any security is only made by a private placement. Memorandum. Past performance is no guarantee of future results. Returns around your last national is a real estate development firm. T S and an aria Got Wcbm news time. 12 03 Michael Philip Elliott, the 6 80 Wcbm Maryland News Center with the headlines in the news this hour. Maybe Brandon Scott to give an update on the city's response to covert 19 this afternoon will carry his 2 P.m. press conference live here on Wcbm. The governors of Maryland, Virginia joined DC's mayor and appealing to the incoming Biden administration to provide increased federal support for the Washington Metro Area Transit Authority. The joint statement asked the president elect to renew the federal government's commitment to the system's future. And consider joining the three jurisdictions as a partner, A 37 year old Baltimore man has pled guilty to federal bank robbery charges, Edward Johnson admitted to committing five bank robberies and two attempted bank robberies in Baltimore and in York, Pennsylvania between February and March of 2019. Johnson facing 141 months in federal prison. In sports college football. Tomorrow night's Big 10 football game between Maryland and Michigan State canceled again after another covert 19 outbreak in college Park in total 15 players tested positive this past week and Auntie Gin test conducted yesterday morning resulted in three more presumptive positives. There were six positive cases among staff over that same time period. It's the second time a game between the Terps and Sparty has been canceled two days before it was to be played. The same thing happened prior to in November. 21st game. Well, the look at your weather Channel forecast coming up next.

Wcbm Maryland News Center Wcbm federal bank Edward Johnson Maryland Fed Baltimore Michael Philip Elliott Washington Metro Area Transit Brandon Scott Terps Auntie Gin football college Park president robbery DC Biden Sparty
The Birth Of The Greenback

The Indicator from Planet Money

09:56 min | 6 months ago

The Birth Of The Greenback

"Stacey next. Jacob Feldstein. Planet money author of money the true story of amid up during a new book. Say I. brought props for us to do the indicator. I say. That's been months. It's been. That guy's been honking hall eight months. I have props came over so I could give you these troughs. Okay. Go ahead and look at them. All right. Okay. So, this is like a really high quality xerox of an old piece of money. THREE DOLLAR BILL RE dollar bill that's really a real thing. There's like a a lady standing next to in like a ball gown standing next to a cow to I chose a cow to pander to you I do love a cow keep going. Okay. The Orange Bank It's orange because this from the orange. Bank and this is a one dollar bill. So Stacey, these are reproductions of real paper money that was printed by private banks in the United States in the eighteen forties and fifties. This is one of the most interesting periods I found in the history of money when I was working on my book, it's this moment when the United States government did not print money, there was in fact, no single national paper currency but if you wanted to. Open Up Stacey's Bank of New York and print your own paper money. You could. I don't know if I would trust that dollar from that. Was a real problem that was a real problem we'll get to that. I. Mean they were just so many different kinds of money at one point the Chicago Tribune counted eight, thousand, three, hundred, and seventy different kinds of paper money in America. This sounds very confusing for everyone involved this indicator from planet money. I'm Stacey Vanik Smith and Jacob. Goldstein can we make eight, thousand, three, hundred and seventy, the indicator? Yes. Today on the show. How can you even have that many kinds of money and also just what does it tell us about money works? Let's just go. Let's just go a block away to get away from the horn. Yeah. Support for NPR and the following message come from fund. fundraise fund makes it easy for anyone to invest in high quality real estate by building you a portfolio with their more than one billion dollars in assets get started at fundraise dot com slash indicator to have your first ninety days of advisory fees. Waived. This message comes from NPR sponsor. Microsoft teams. Now, there are more ways to be a team with Microsoft teams bring everyone together in a virtual room collaborate live on the same page and see up to forty nine people onscreen learn more at Microsoft Dot com slash teams. So can we should set the scene here Jacob the nineteenth century America lots of is apparently also this was the era when gold and silver were money and Jacob say in the book that the government minted gold and silver coins, but it did not make paper money at that time. The exactly right. So the only paper money in America was printed by all of these different. Private banks people called paper money in fact banknotes, right. So they thought of it as like a piece of paper from a bank and they thought of paper money in particular as like a receipt or a coach ticket as as a thing that you could substitute for gold and silver, and in fact, if you look at at the bills I gave you all have this kind of. Writing like just grab a different one for fun. So we can say what it looks like. Okay. This is the stoning ten bank, a two dollar bill. There's a way. Moby Dick or something Wail Bell we've cow Bill Wail Bill So okay. So now look at the cursive writing see the cursive they're just blowers is stoning to. Two dollars to the bear on demand right and if you look all these different bills are different colors, they have different pictures on them, but they all say that will pay how ever many dollars to the on demand and so the second interest. Yeah it's an Iou because the interesting thing is it's telling you the paper money is not the real money. Right? They're saying we will give you two dollars in gold and silver for this paper money right? So the real money in this world is the underlying gold or silver the paper is just like. The Standard. So this is a time in history when there's not federal bank, there's not a national bank. There's like thousands of of little local banks and I guess all these banks can issue their own money. That's right and it's kind of evolving in this period at the beginning of this ehre the eighteen thirties. If you wanted to open a bank, typically you had to go to your state legislature and get special approval. Basically, they had to pass a special law that would let you open your bank and this was problematic because I was super corrupt essentially. Bank and print money. Then you're gonNA bribe whoever you have to. Say all the knee. All due respect to get them to let you open your bank. Right. So around eighteen forty, a little earlier, this new idea became popular. The new idea was called free banking. And the idea of free banking was anybody who is willing to follow a few basic rules could. Take and start printing money and literally start printing money and you know not surprisingly a lot of people wanted to print money. This is how we get eight thousand different kinds of money. Yes. How do you know if the bill that someone's handing you is real money or if it's literally just a piece of paper from the First Bank of Stacey Vanik Smith which might be real money. I wouldn't. Maybe. Add bribed senator so I love this so there arose in response to this problem these special periodicals Magazines that were privately published called banknote reporters. And what they were was these lists in tiny font of every kind of money. So I actually have a reproduction here another prop from a page. This one was called. Thomson's Bank note. Reporter. K.. So the people who subscribe to this merchants people who need to accept money. So so let's just say I'm running a bar and I got my thompsons bank note reporter and I come in I need a drink who thirsty I'm thirsty. So okay. So the page of the bank note reporter I printed out is for Orange Bank. Okay. Okay. So have that bill right here it is and it's a one dollar bill. So I find Orange Bank here in my Bengal reporter and it says Okay Orange Bank listed different bills and says ones and under wants it describes what the bill is supposed to look like says to horses check. Hey, Cart Jack Blacksmith shop male portrait Jack Girl. Check. So it's at least plausibly real. The reporter also tells me something else that's important and that explains a lot about how many works at this time. Typically would tell me whether I should accept that paper money at full face vowed I can buy my dollar whiskey with this whether you can get your dollar whiskey because remember what we care about is whether I can turn in that paper money for gold or silver, and so if the bank is shaky or even if it's just really far away. You know the reporter might say, just knock five cents off the dollar give Stacey Ninety five cents worth of whiskey instead of a dollar that took a really long time to buy that we ski. It does seem like it would have been absurdly inconvenient right and for a long time when people look back at this period, the basic story of free banking was just that was a horrible idea like that many kinds of money right but. Much, later, like in the nineteen seventies. This generation of economic historians started going back and looking more closely. At the banks and how money works in this period and what they saw when they really went through the numbers was basically like it wasn't that bad Bankston go bus that often people didn't usually lose much money when they used. We're you overall they would lose like a few percent which is. Kind of like what you pay today. So when you take money out of the weird off Brand ATM at. The corner store. which I always do. Yeah, I. Mean. That's basically like the the bartenders giving you ninety cents for your dollar when you do that, right? So. Obviously, we do not have eight thousand different kinds of money now this ended and it ended after the civil war. Yeah was the civil war. So during the civil war, that old American argument of can we have national banks or not came up again and Congress passed a few important banking laws. One of them basically taxed all those thousands of kind of state banknotes out of existence, and then the other one created these new national banks that printed much more reliable, much more uniform paper money. It's interesting because I mean, this was obviously after the civil war was the time when the United States went from like a collection of. To One Country, and it seems like the same thing happened with currency maybe not a coincidence. Your I mean, there is this idea at least in the modern world money is part of what makes a country a country and I think you do see that happening at this moment in the united. States when we go from thousands of kinds of money toward one uniform kind of paper money I'm just sad we lost the cow bills. Because you know Jacob I have a fever and the cure. This story in like a whole bunch of other like believable stories like this are in your new book money. The true story of a made up thing. This episode of the indicator was produced by Nick. Fountain fact check by Britney Cronin, the indicators edited by Patty hearst and is a production

Stacey Vanik Smith Jacob Feldstein Reporter Orange Bank Bank Of New York United States Okay Orange Bank America NPR Federal Bank Bill Wail Bill Microsoft First Bank Thompsons Bank Chicago Tribune Congress
Federal banking agencies ease Volcker Rule restrictions

Larry Elder

00:42 sec | 9 months ago

Federal banking agencies ease Volcker Rule restrictions

"The federal reserve and for the bank regulatory agencies finalize the rule easing restrictions that keep banks from investing in areas such as hedge fund the regulations are known as the Volcker rule passed by Congress in twenty ten it was part of an overhaul of banking regulation aimed at curbing excesses that led to the two thousand eight financial crisis he generally prohibited banks from engaging in proprietary trading and from acquiring ownership interests in hedge funds and private equity funds president trump campaigned in twenty sixteen on rolling back what he saw as over regulation of the banks arguing it weighed on the economy by preventing them from making loans to qualified borrowers the fed's announcement gave an immediate boost to bank

Congress President Trump FED
Federal banking agencies ease Volcker Rule restrictions

Larry Elder

00:12 sec | 9 months ago

Federal banking agencies ease Volcker Rule restrictions

"The federal reserve and four other regulatory agencies say they've finalized a rule that will ease restrictions curtailing the ability of banks to make investments in such areas as hedge funds the reason the so called Volcker

Volcker
Federal banking agencies ease Volcker Rule restrictions

AP News Radio

00:45 sec | 9 months ago

Federal banking agencies ease Volcker Rule restrictions

"The federal reserve and for other banking regulatory agencies have finalized a rule easing restrictions that keep banks from investing in areas such as hedge funds the regulations are known as the Volcker rule passed by Congress in twenty ten it was part of an overhaul of banking regulation aimed at curbing excesses that led to the two thousand eight financial crisis he generally prohibited banks from engaging in proprietary trading and from acquiring ownership interests in hedge funds and private equity funds president trump campaigned in twenty sixteen on rolling back what he saw as over regulation of the banks arguing it weighed on the economy by preventing them from making loans to qualified borrowers the fed's announcement gave an immediate boost to bank stocks Ben Thomas Washington

Congress Ben Thomas Washington President Trump FED
How Moonshine Works

FoodStuff

12:57 min | 1 year ago

How Moonshine Works

"First use of Moonshine the English word goes back to the fifteenth century literally meaning shine of the Moon and figuratively figuratively quote appearance without substance pretense or fiction and the first time it was used to refer to liquor that didn't occur until the eighteenth century England and it's specifically referred to illegal or smuggled alcohol. That's why the name because smugglers use the cover of night to smuggle their goods which didn't necessarily have to be moonshine yes but but <hes> smuggling alcohol was common in Europe at the time and smugglers had only the shine of the moon to guide their pass moonlight was sometimes used in the same sense <hes> as moonshine was until the nineteenth century a yeah and for a while there any job or activity that was done late at night might be called moon shining or moonlighting but eventually moonshine nine came to really basically mean booze and booze related activities and moonlighting came to mean that other thing that moonlighting means. I totally forgot about moonlighting yeah. That's true I I remember because it was a company any stipulation that you couldn't moonlight and I had to get a thing that I could that movie anyway. There's actually a folk tale from the time about a group of smugglers caught in the act of raking the pond pond Abe bond aunt for barrels of smuggled French Brandy <hes> than they were caught by some tax collectors in the middle of the Act yes and thinking on their feet. The smugglers pretended to be a group of confused drunk people trying trying to rake in the moon's reflection or in their drunken parlance cheese yeah yeah there were like nod dude. We're not there's no certainly barrels of brandy in there. We're just trying to get the sweet cheese out of this pond rea- so drug rug this bulletproof ploy obviously worked and the clippers labeled the smugglers as moon rakers win about their merry way. I'm sure laughing about all those silly drunk. People and Moonshine was often typically. We made night in hopes. No one would see smoke from the stools yeah <hes> it got its start in America in green producing states like Pennsylvania yeah immigrants from England and Scotland and Ireland who settled in Appalachia brought there whiskey recipes with them and adopted them for whatever grains were they were growing around here right and instead of letting excess green go to waste producers distilled it not only could you drink or maybe sell this stuff but in some places it was an accepted currency it could be the difference difference between surviving and not a big economic <hes> <hes> may not staple but but site game it was so in seventeen ninety one when the U._S. government you know seeing all of this implemented the whiskey tax in an effort to pay off the cost of the revolutionary war. <hes> people were happy about it. No no also thinks to this for letting me once again. Look up the Alexander Hamilton sound job because they say in their. Air Jefferson there's a cabinet and he says when Britain tax our T. we got frisky. Imagine what's going to happen. If you GONNA tax on Whiskey and it was true I mean this was right after the revolutionary war in some people's you you know like like mentality about it was like we just we just went to war about taxation without representation. Why why why are you going to taxes for this now yeah and it was a big shifts from it was basically states? Rice versus versus a federal bank and so we are still figuring out a lot of stuff you renew country <hes> and yeah we talked about this in our Bourbon whiskey episode so yeah people didn't like it. distillers resorted to all <unk> sorts of things to evade tax the point the U._S. Marshal descended upon Pennsylvania coming to collect and his presence was not welcomed five hundred men attacked the home of the local tax inspector general and during the skirmish the group's leader was killed which escalated into a protest made up of over six thousand people President George Washington sent thirteen thousand troops to deal with the situation who yes US yeah. All of this was part of the Whiskey rebellion in eighteen o one the U._S. government repealed the whiskey tax <hes> and this was one of our new countries. I test yeah the whisky rebellion whisky rebellion. We're serious about it yard in before and after this though moon shining really took off in the south tales were told about gunfights between collectors trying to get excise taxes for moon shiners in the eighteen sixties these skirmishes increased as revenuers came around trying to collect excise taxes for the civil war a yeah during an after the civil war times were particularly hard for a lot of Americans and there was again a lot of resentment from people who were scraping scraping to make a living off of things like moonshine towards these taxes <hes> and moon shiners came together with the Ku Klux Klan as this conflict against the tax collectors and crew and several battles ensued as desperation went up Moon shiners became more ruthless and violent in their tactics attacking Iraq members and their families and anyone who they believed may give away the location of a still and this did not India moonshine owners to their communities and the public opinion started to shift towards the negative end when it came to moon shiners at the same time temperance is getting more and more public support yeah in the Georgia Mountains in eighteen seventy six four fifths of the court cases and federal law enforcement focus was on illegal alcohol well yeah <hes> wanted to mention too wasn't just a man's world now no take Nancy and see the moon shiner. She was <hes> in New Jersey in eighteen eighties. Her neighbors largely regarded her as eccentric and I can see why because under the cover of night she would steal <music> apples and use those apples to make what she called Jersey a lightning or applejack okay yes that is a my little pony by the way a detective on her case snuck onto her property but nancy knocked him out and go Nancy. We can't help but root for them. <hes> then there was moonshine Mary a Polish emigrant out of Illinois who made moonshine insult shots of it out of her home for fifteen cents but but she went on to become the first woman in that state to be convicted for selling poisoned liquor and as we've discussed before women were also involved in the transporting of illegal alcohol <hes> there's Willie Carter sharp who gave testimony to the nineteen thirty five moonshine conspiracy trial with diamond studded teeth diamond studied that you know I nothing but respect aspect. I couldn't pull it off. That is about as America as you get. I think you're at a moonshine. You've been arrested well firearms which she was and he was show time Tate Yup yeah you do. You're right. You're right but here we come to the Nineteen Twenty s and prohibition right for Moonshine. This was the best thing that could have happened now that you couldn't buy alcohol Oh by legal means more people were seeking out illegal sources for their booze and Moonshine had been rocking that for for a while yeah already demand was so great moonshine resorted to water down alcohol and sugar-based moonshine as opposed to crane based species with passwords and secret ways to escape in case the authorities ever showed up and organized crime around the smuggling and sale of alcohol flourish yeah <hes> in hot spots like in one <hes> Franklin County Virginia Virginia. It's been estimated that ninety nine percent of the residents were involved in the moonshine trade during this time and so that's a lot of kids as well you know okay okay <hes> during the one thousand nine hundred thirty s moonshine roots from Dawson County which is the big city from where I grew up and our high school rival- they gallons of Moonshine to Atlanta and my very own home county of Lumpkin okay was big and the Moonshine seen thirties and forties as well and also distillers sometimes use the bone from raccoons Venus. Yes they do have bones they do in the distilling process of the man in Dawson. Bill gave me a history lesson and like I said he had one in his hat <hes> and yes like. I said he had previously worked for NASA PRETTY COOL Yeah Yeah. I think that I think the the penis bone is is used to help control the flow of the spirit from the condensing hose into the collection vessel like at the end of the process process. I think that's yeah that's he showed us how to use what it was used for sure. I don't know but yeah I think that was that was it was the right size without right yeah yeah and it's Kinda got this little like s curve IRV shape so so and and sort of a little groove in it where the urethra goes so I I read a surprising amount about raccoon penises during research for this episode never know go well there. You are your life profession. I sometimes I sometimes hope that like some government. Official has to look at my search. My searches someday to just go like Oh dear what oh I don't even know me too. I like to imagine there's one person assigned to you and you're just making their life. Super Interesting disturbed well. You're welcome so back to moonshine right anyway. Business was booming until prohibition was repealed in nineteen thirty three then sales flattened that didn't mean it went away much of the federal government <hes> who tried to wrangle this moonshine situation into the seventies share without these laws prohibiting alcohol although there are still dry counties and they're obviously we're back then going to the trouble of seeking out moonshine for the average person just. This wasn't worth it yeah. In order to transport as much moonshine as possible mechanics would find tune their cars upgrading the engine adding in secret compartments for the product <hes> shocks and springs were installed to protect the booze and accounts of oil slicks smoke springs these are called tanker cars and were frequently unassuming nineteen forties fords. I think I read this whole thing about Henry Ford being like a teetotaler rain like being so offended about the yes that's fine and drivers who were also called runners are trippers had to have some real driving know how some sweet news as they say to evade the authorities they also had to know all the mountain backroads well enough to drive them in the dark without headlights. One of their moves was called the bootleg turn a quick turnaround into controls kid eh in their spare time these drivers would work on their skills by racing against each other sometimes at fairgrounds sometimes for pay sometimes with thousands of spectators so okay once prohibition went away and in World War Two ended there was this group of skilled drivers who have souped up cars and enjoyed recent each other who saw that people would pay to watch them race and they were in the market for a new job a Ha so in nineteen she forty-seven this gave birth to ask supposedly the winner of the very first race used the same car to make a run like a week previous. Oh my goodness I love it. I do too. I I had no idea about this when we rolled up that distillery and there's all the NASCAR memorabilia this is interesting but for real moonshine in Nascar are and were tight Raymond Parks Moonshine was the first is to bring together a formal official racing team.

Moonshine Nancy U._S. Government America Pennsylvania Official Europe Nineteen Twenty England Clippers Federal Bank Alexander Hamilton New Jersey Ku Klux Klan Dawson County Nascar Bootleg Turn Nasa Britain
Bank Of New York, US And Eight Years discussed on KYW 24 Hour News

KYW 24 Hour News

00:29 sec | 2 years ago

Bank Of New York, US And Eight Years discussed on KYW 24 Hour News

"Americans are falling behind on car loan payments in record numbers federal. Bank of New York says more than seven million Americans were ninety or more days behind on their Car Loans at the end of last year a million more than eight years ago, not just potential trouble for the auto industry. Although the US economy still appears strong. This could suggest and other economic slowdown might be brewing. Wanna communist says it's too soon to say that the sky is falling. But in his words assigned to look up and double check nothing's about to hit you on

Bank Of New York United States Eight Years
Barrett, Wgn and Texas discussed on Nick Digilio

Nick Digilio

02:19 min | 3 years ago

Barrett, Wgn and Texas discussed on Nick Digilio

"The news is sponsored by deck tech here is vic vaughn thanks nick fair skies fifty three at o'hare a proposal to build the five hundred million dollar obama presidential center in oak park goes before chicago city council today it's supposed to be built in jackson park on chicago's south side but those plants are still under federal review since jackson park is protected as a registered historic destination the union that represents chicago police officers his urging its members who will be off duty today to protest outside city hall the paternal order of police in a statement accused his mayor amanullah putting officers in the public endanger and urges officers to confront the mayor at today's city council meeting there's still a chance the plan summit between president trump and north korean president kim jong un will happen as scheduled next month that's according to president trump he says there's a good chance he also says there's a chance is very substantial chance at a workout i don't want to waste a lot of time and i'm sure he doesn't want to waste a lot of so there's a very substantial chance at a one workout and that's okay that doesn't mean it won't work out over a period of time but it may not work out for june twelfth but there's a good chance that we'll have the mehta speaking tuesday from the white house sitting beside and after his meeting with south korean president moon jaein officials say attack a tractor trailer carrying more than fifty emigrants was stopped last night in raymond ville texas of the incident taking place at a traffic stop by texas highway patrol ems fire police border patrol and the sheriff's office were all at the same officials say first responders were also on hand to tend to the people inside that trailer that sound that chopper at the scene a proposal that would roll back some federal banking regulations is on its way to president trump's desk the twenty ten dodd frank act was put in place after the two thousand eight financial crisis a man who accuses the city bus driver of chasing him down on foot after a ride ended up punching him is now suing the barrett sweet says it happened in the loop last year the driver leonard prize is charged in the incident he's out on bail the suit seeks fifty thousand dollars damages we'll check sports traffic and weather next on wgn capital one percents congress finalizing the louisiana purchase polian golfer offer it's.

Barrett WGN Texas President Trump Barack Obama O'hare Leonard Prize Vic Vaughn Donald Trump Raymond Ville Texas Kim Jong Un Chicago Jackson Park Oak Park Five Hundred Million Dollar Fifty Thousand Dollars
"federal bank" Discussed on Let's Talk Bitcoin!

Let's Talk Bitcoin!

02:20 min | 3 years ago

"federal bank" Discussed on Let's Talk Bitcoin!

"You chairman giancarlo an all love begin the questioning um first i will say i've had those dinner conversations with my own children and you're right of this is an incredibly interesting but doug growing new area of uh financial challenge particularly among our these might children and yours both of you have set in one way or another that neither of you neither of your agencies have complete jurisdiction over cryptocurrencies the question i have is whether you have sufficient jurisdiction and i'd like both of you to address that question should congress address revising and refining our financial law so that one agency or a group of agencies have complete jurisdiction or if you look at the jurisdiction of all agencies today do we have sufficient jurisdiction in place today german clinton well thank you and in my position you're always cautious about speaking for other agencies so i i thank you understood for saying that we should all come to is there to be very direct we should all come together the federal banking regulators cftc the sec there are there are states involved as well and have a coordinated plan for dealing with the virtual currency trading market um i think our main street investors look at these virtual virtual currency trading platforms and assume that they are regulated in the same way that a stock exchanges regulated at as i said it's far from that and i think we should address that issue so i am i hear you say that you don't think we need to have additional legislative authorities i think we may i think we may so first you should get together and tell us what you can and can't do and then advise i think that's a very good way to put it center german giancarlo i i think that's exactly right the first step is to recognize where the gap is su the arrays as we both said in different ways the what we call the spot market for bitcoin is not a regulated marketplace now for us at the cfo.

giancarlo clinton cfo chairman doug congress
"federal bank" Discussed on Let's Talk Bitcoin!

Let's Talk Bitcoin!

02:20 min | 3 years ago

"federal bank" Discussed on Let's Talk Bitcoin!

"You chairman giancarlo an all love begin the questioning um first i will say i've had those dinner conversations with my own children and you're right of this is an incredibly interesting but doug growing new area of uh financial challenge particularly among our these might children and yours both of you have set in one way or another that neither of you neither of your agencies have complete jurisdiction over cryptocurrencies the question i have is whether you have sufficient jurisdiction and i'd like both of you to address that question should congress address revising and refining our financial law so that one agency or a group of agencies have complete jurisdiction or if you look at the jurisdiction of all agencies today do we have sufficient jurisdiction in place today german clinton well thank you and in my position you're always cautious about speaking for other agencies so i i thank you understood for saying that we should all come to is there to be very direct we should all come together the federal banking regulators cftc the sec there are there are states involved as well and have a coordinated plan for dealing with the virtual currency trading market um i think our main street investors look at these virtual virtual currency trading platforms and assume that they are regulated in the same way that a stock exchanges regulated at as i said it's far from that and i think we should address that issue so i am i hear you say that you don't think we need to have additional legislative authorities i think we may i think we may so first you should get together and tell us what you can and can't do and then advise i think that's a very good way to put it center german giancarlo i i think that's exactly right the first step is to recognize where the gap is su the arrays as we both said in different ways the what we call the spot market for bitcoin is not a regulated marketplace now for us at the cfo.

giancarlo clinton cfo chairman doug congress
"federal bank" Discussed on Let's Talk Bitcoin!

Let's Talk Bitcoin!

02:20 min | 3 years ago

"federal bank" Discussed on Let's Talk Bitcoin!

"You chairman giancarlo an all love begin the questioning um first i will say i've had those dinner conversations with my own children and you're right of this is an incredibly interesting but doug growing new area of uh financial challenge particularly among our these might children and yours both of you have set in one way or another that neither of you neither of your agencies have complete jurisdiction over cryptocurrencies the question i have is whether you have sufficient jurisdiction and i'd like both of you to address that question should congress address revising and refining our financial law so that one agency or a group of agencies have complete jurisdiction or if you look at the jurisdiction of all agencies today do we have sufficient jurisdiction in place today german clinton well thank you and in my position you're always cautious about speaking for other agencies so i i thank you understood for saying that we should all come to is there to be very direct we should all come together the federal banking regulators cftc the sec there are there are states involved as well and have a coordinated plan for dealing with the virtual currency trading market um i think our main street investors look at these virtual virtual currency trading platforms and assume that they are regulated in the same way that a stock exchanges regulated at as i said it's far from that and i think we should address that issue so i am i hear you say that you don't think we need to have additional legislative authorities i think we may i think we may so first you should get together and tell us what you can and can't do and then advise i think that's a very good way to put it center german giancarlo i i think that's exactly right the first step is to recognize where the gap is su the arrays as we both said in different ways the what we call the spot market for bitcoin is not a regulated marketplace now for us at the cfo.

giancarlo clinton cfo chairman doug congress
"federal bank" Discussed on Let's Talk Bitcoin!

Let's Talk Bitcoin!

02:20 min | 3 years ago

"federal bank" Discussed on Let's Talk Bitcoin!

"You chairman giancarlo an all love begin the questioning um first i will say i've had those dinner conversations with my own children and you're right of this is an incredibly interesting but doug growing new area of uh financial challenge particularly among our these might children and yours both of you have set in one way or another that neither of you neither of your agencies have complete jurisdiction over cryptocurrencies the question i have is whether you have sufficient jurisdiction and i'd like both of you to address that question should congress address revising and refining our financial law so that one agency or a group of agencies have complete jurisdiction or if you look at the jurisdiction of all agencies today do we have sufficient jurisdiction in place today german clinton well thank you and in my position you're always cautious about speaking for other agencies so i i thank you understood for saying that we should all come to is there to be very direct we should all come together the federal banking regulators cftc the sec there are there are states involved as well and have a coordinated plan for dealing with the virtual currency trading market um i think our main street investors look at these virtual virtual currency trading platforms and assume that they are regulated in the same way that a stock exchanges regulated at as i said it's far from that and i think we should address that issue so i am i hear you say that you don't think we need to have additional legislative authorities i think we may i think we may so first you should get together and tell us what you can and can't do and then advise i think that's a very good way to put it center german giancarlo i i think that's exactly right the first step is to recognize where the gap is su the arrays as we both said in different ways the what we call the spot market for bitcoin is not a regulated marketplace now for us at the cfo.

giancarlo clinton cfo chairman doug congress
"federal bank" Discussed on Let's Talk Bitcoin!

Let's Talk Bitcoin!

02:20 min | 3 years ago

"federal bank" Discussed on Let's Talk Bitcoin!

"You chairman giancarlo an all love begin the questioning um first i will say i've had those dinner conversations with my own children and you're right of this is an incredibly interesting but doug growing new area of uh financial challenge particularly among our these might children and yours both of you have set in one way or another that neither of you neither of your agencies have complete jurisdiction over cryptocurrencies the question i have is whether you have sufficient jurisdiction and i'd like both of you to address that question should congress address revising and refining our financial law so that one agency or a group of agencies have complete jurisdiction or if you look at the jurisdiction of all agencies today do we have sufficient jurisdiction in place today german clinton well thank you and in my position you're always cautious about speaking for other agencies so i i thank you understood for saying that we should all come to is there to be very direct we should all come together the federal banking regulators cftc the sec there are there are states involved as well and have a coordinated plan for dealing with the virtual currency trading market um i think our main street investors look at these virtual virtual currency trading platforms and assume that they are regulated in the same way that a stock exchanges regulated at as i said it's far from that and i think we should address that issue so i am i hear you say that you don't think we need to have additional legislative authorities i think we may i think we may so first you should get together and tell us what you can and can't do and then us i think that's a very good way to put it center german giancarlo i i think that's exactly right the first step is to recognize where the gap is su the arrays as we both said in different ways the what we call the spot market for bitcoin is not a regulated marketplace now for us at the cfo.

giancarlo clinton cfo chairman doug congress
"federal bank" Discussed on Let's Talk Bitcoin!

Let's Talk Bitcoin!

02:20 min | 3 years ago

"federal bank" Discussed on Let's Talk Bitcoin!

"You chairman giancarlo an all love begin the questioning um first i will say i've had those dinner conversations with my own children and you're right of this is an incredibly interesting but doug growing new area of uh financial challenge particularly among our these might children and yours both of you have set in one way or another that neither of you neither of your agencies have complete jurisdiction over cryptocurrencies the question i have is whether you have sufficient jurisdiction and i'd like both of you to address that question should congress address revising and refining our financial law so that one agency or a group of agencies have complete jurisdiction or if you look at the jurisdiction of all agencies today do we have sufficient jurisdiction in place today german clinton well thank you and in my position you're always cautious about speaking for other agencies so i i thank you understood for saying that we should all come to is there to be very direct we should all come together the federal banking regulators cftc the sec there are there are states involved as well and have a coordinated plan for dealing with the virtual currency trading market um i think our main street investors look at these virtual virtual currency trading platforms and assume that they are regulated in the same way that a stock exchanges regulated at as i said it's far from that and i think we should address that issue so i am i hear you say that you don't think we need to have additional legislative authorities i think we may i think we may so first you should get together and tell us what you can and can't do and then us i think that's a very good way to put it center german giancarlo i i think that's exactly right the first step is to recognize where the gap is su the arrays as we both said in different ways the what we call the spot market for bitcoin is not a regulated marketplace now for us at the cfo.

giancarlo clinton cfo chairman doug congress
"federal bank" Discussed on Let's Talk Bitcoin!

Let's Talk Bitcoin!

02:20 min | 3 years ago

"federal bank" Discussed on Let's Talk Bitcoin!

"You chairman giancarlo an all love begin the questioning um first i will say i've had those dinner conversations with my own children and you're right of this is an incredibly interesting but doug growing new area of uh financial challenge particularly among our these might children and yours both of you have set in one way or another that neither of you neither of your agencies have complete jurisdiction over cryptocurrencies the question i have is whether you have sufficient jurisdiction and i'd like both of you to address that question should congress address revising and refining our financial law so that one agency or a group of agencies have complete jurisdiction or if you look at the jurisdiction of all agencies today do we have sufficient jurisdiction in place today german clinton well thank you and in my position you're always cautious about speaking for other agencies so i i thank you understood for saying that we should all come to is there to be very direct we should all come together the federal banking regulators cftc the sec there are there are states involved as well and have a coordinated plan for dealing with the virtual currency trading market um i think our main street investors look at these virtual virtual currency trading platforms and assume that they are regulated in the same way that a stock exchanges regulated at as i said it's far from that and i think we should address that issue so i am i hear you say that you don't think we need to have additional legislative authorities i think we may i think we may so first you should get together and tell us what you can and can't do and then us i think that's a very good way to put it center german giancarlo i i think that's exactly right the first step is to recognize where the gap is su the arrays as we both said in different ways the what we call the spot market for bitcoin is not a regulated marketplace now for us at the cfo.

giancarlo clinton cfo chairman doug congress
"federal bank" Discussed on Let's Talk Bitcoin!

Let's Talk Bitcoin!

02:20 min | 3 years ago

"federal bank" Discussed on Let's Talk Bitcoin!

"You chairman giancarlo an all love begin the questioning um first i will say i've had those dinner conversations with my own children and you're right of this is an incredibly interesting but doug growing new area of uh financial challenge particularly among our these might children and yours both of you have set in one way or another that neither of you neither of your agencies have complete jurisdiction over cryptocurrencies the question i have is whether you have sufficient jurisdiction and i'd like both of you to address that question should congress address revising and refining our financial law so that one agency or a group of agencies have complete jurisdiction or if you look at the jurisdiction of all agencies today do we have sufficient jurisdiction in place today german clinton well thank you and in my position you're always cautious about speaking for other agencies so i i thank you understood for saying that we should all come to is there to be very direct we should all come together the federal banking regulators cftc the sec there are there are states involved as well and have a coordinated plan for dealing with the virtual currency trading market um i think our main street investors look at these virtual virtual currency trading platforms and assume that they are regulated in the same way that a stock exchanges regulated at as i said it's far from that and i think we should address that issue so i am i hear you say that you don't think we need to have additional legislative authorities i think we may i think we may so first you should get together and tell us what you can and can't do and then us i think that's a very good way to put it center german giancarlo i i think that's exactly right the first step is to recognize where the gap is su the arrays as we both said in different ways the what we call the spot market for bitcoin is not a regulated marketplace now for us at the cfo.

giancarlo clinton cfo chairman doug congress
"federal bank" Discussed on Let's Talk Bitcoin!

Let's Talk Bitcoin!

02:20 min | 3 years ago

"federal bank" Discussed on Let's Talk Bitcoin!

"You chairman giancarlo an all love begin the questioning um first i will say i've had those dinner conversations with my own children and you're right of this is an incredibly interesting but doug growing new area of uh financial challenge particularly among our these might children and yours both of you have set in one way or another that neither of you neither of your agencies have complete jurisdiction over cryptocurrencies the question i have is whether you have sufficient jurisdiction and i'd like both of you to address that question should congress address revising and refining our financial law so that one agency or a group of agencies have complete jurisdiction or if you look at the jurisdiction of all agencies today do we have sufficient jurisdiction in place today german clinton well thank you and in my position you're always cautious about speaking for other agencies so i i thank you understood for saying that we should all come to is there to be very direct we should all come together the federal banking regulators cftc the sec there are there are states involved as well and have a coordinated plan for dealing with the virtual currency trading market um i think our main street investors look at these virtual virtual currency trading platforms and assume that they are regulated in the same way that a stock exchanges regulated at as i said it's far from that and i think we should address that issue so i am i hear you say that you don't think we need to have additional legislative authorities i think we may i think we may so first you should get together and tell us what you can and can't do and then us i think that's a very good way to put it center german giancarlo i i think that's exactly right the first step is to recognize where the gap is su the arrays as we both said in different ways the what we call the spot market for bitcoin is not a regulated marketplace now for us at the cfo.

giancarlo clinton cfo chairman doug congress
"federal bank" Discussed on Let's Talk Bitcoin!

Let's Talk Bitcoin!

02:20 min | 3 years ago

"federal bank" Discussed on Let's Talk Bitcoin!

"You chairman giancarlo an all love begin the questioning um first i will say i've had those dinner conversations with my own children and you're right of this is an incredibly interesting but doug growing new area of uh financial challenge particularly among our these might children and yours both of you have set in one way or another that neither of you neither of your agencies have complete jurisdiction over cryptocurrencies the question i have is whether you have sufficient jurisdiction and i'd like both of you to address that question should congress address revising and refining our financial law so that one agency or a group of agencies have complete jurisdiction or if you look at the jurisdiction of all agencies today do we have sufficient jurisdiction in place today german clinton well thank you and in my position you're always cautious about speaking for other agencies so i i thank you understood for saying that we should all come to is there to be very direct we should all come together the federal banking regulators cftc the sec there are there are states involved as well and have a coordinated plan for dealing with the virtual currency trading market um i think our main street investors look at these virtual virtual currency trading platforms and assume that they are regulated in the same way that a stock exchanges regulated at as i said it's far from that and i think we should address that issue so i am i hear you say that you don't think we need to have additional legislative authorities i think we may i think we may so first you should get together and tell us what you can and can't do and then us i think that's a very good way to put it center german giancarlo i i think that's exactly right the first step is to recognize where the gap is su the arrays as we both said in different ways the what we call the spot market for bitcoin is not a regulated marketplace now for us at the cfo.

giancarlo clinton cfo chairman doug congress
"federal bank" Discussed on Let's Talk Bitcoin!

Let's Talk Bitcoin!

02:20 min | 3 years ago

"federal bank" Discussed on Let's Talk Bitcoin!

"You chairman giancarlo an all love begin the questioning um first i will say i've had those dinner conversations with my own children and you're right of this is an incredibly interesting but doug growing new area of uh financial challenge particularly among our these might children and yours both of you have set in one way or another that neither of you neither of your agencies have complete jurisdiction over cryptocurrencies the question i have is whether you have sufficient jurisdiction and i'd like both of you to address that question should congress address revising and refining our financial law so that one agency or a group of agencies have complete jurisdiction or if you look at the jurisdiction of all agencies today do we have sufficient jurisdiction in place today german clinton well thank you and in my position you're always cautious about speaking for other agencies so i i thank you understood for saying that we should all come to is there to be very direct we should all come together the federal banking regulators cftc the sec there are there are states involved as well and have a coordinated plan for dealing with the virtual currency trading market um i think our main street investors look at these virtual virtual currency trading platforms and assume that they are regulated in the same way that a stock exchanges regulated at as i said it's far from that and i think we should address that issue so i am i hear you say that you don't think we need to have additional legislative authorities i think we may i think we may so first you should get together and tell us what you can and can't do and then us i think that's a very good way to put it center german giancarlo i i think that's exactly right the first step is to recognize where the gap is su the arrays as we both said in different ways the what we call the spot market for bitcoin is not a regulated marketplace now for us at the cfo.

giancarlo clinton cfo chairman doug congress
"federal bank" Discussed on Let's Talk Bitcoin!

Let's Talk Bitcoin!

02:20 min | 3 years ago

"federal bank" Discussed on Let's Talk Bitcoin!

"You chairman giancarlo an all love begin the questioning um first i will say i've had those dinner conversations with my own children and you're right of this is an incredibly interesting but doug growing new area of uh financial challenge particularly among our these might children and yours both of you have set in one way or another that neither of you neither of your agencies have complete jurisdiction over cryptocurrencies the question i have is whether you have sufficient jurisdiction and i'd like both of you to address that question should congress address revising and refining our financial law so that one agency or a group of agencies have complete jurisdiction or if you look at the jurisdiction of all agencies today do we have sufficient jurisdiction in place today german clinton well thank you and in my position you're always cautious about speaking for other agencies so i i thank you understood for saying that we should all come to is there to be very direct we should all come together the federal banking regulators cftc the sec there are there are states involved as well and have a coordinated plan for dealing with the virtual currency trading market um i think our main street investors look at these virtual virtual currency trading platforms and assume that they are regulated in the same way that a stock exchanges regulated at as i said it's far from that and i think we should address that issue so i am i hear you say that you don't think we need to have additional legislative authorities i think we may i think we may so first you should get together and tell us what you can and can't do and then us i think that's a very good way to put it center german giancarlo i i think that's exactly right the first step is to recognize where the gap is su the arrays as we both said in different ways the what we call the spot market for bitcoin is not a regulated marketplace now for us at the cfo.

giancarlo clinton cfo chairman doug congress
"federal bank" Discussed on Let's Talk Bitcoin!

Let's Talk Bitcoin!

02:20 min | 3 years ago

"federal bank" Discussed on Let's Talk Bitcoin!

"You chairman giancarlo an all love begin the questioning um first i will say i've had those dinner conversations with my own children and you're right of this is an incredibly interesting but doug growing new area of uh financial challenge particularly among our these might children and yours both of you have set in one way or another that neither of you neither of your agencies have complete jurisdiction over cryptocurrencies the question i have is whether you have sufficient jurisdiction and i'd like both of you to address that question should congress address revising and refining our financial law so that one agency or a group of agencies have complete jurisdiction or if you look at the jurisdiction of all agencies today do we have sufficient jurisdiction in place today german clinton well thank you and in my position you're always cautious about speaking for other agencies so i i thank you understood for saying that we should all come to is there to be very direct we should all come together the federal banking regulators cftc the sec there are there are states involved as well and have a coordinated plan for dealing with the virtual currency trading market um i think our main street investors look at these virtual virtual currency trading platforms and assume that they are regulated in the same way that a stock exchanges regulated at as i said it's far from that and i think we should address that issue so i am i hear you say that you don't think we need to have additional legislative authorities i think we may i think we may so first you should get together and tell us what you can and can't do and then advise i think that's a very good way to put it center german giancarlo i i think that's exactly right the first step is to recognize where the gap is su the arrays as we both said in different ways the what we call the spot market for bitcoin is not a regulated marketplace now for us at the cfo.

giancarlo clinton cfo chairman doug congress
"federal bank" Discussed on Let's Talk Bitcoin!

Let's Talk Bitcoin!

02:20 min | 3 years ago

"federal bank" Discussed on Let's Talk Bitcoin!

"You chairman giancarlo an all love begin the questioning um first i will say i've had those dinner conversations with my own children and you're right of this is an incredibly interesting but doug growing new area of uh financial challenge particularly among our these might children and yours both of you have set in one way or another that neither of you neither of your agencies have complete jurisdiction over cryptocurrencies the question i have is whether you have sufficient jurisdiction and i'd like both of you to address that question should congress address revising and refining our financial law so that one agency or a group of agencies have complete jurisdiction or if you look at the jurisdiction of all agencies today do we have sufficient jurisdiction in place today german clinton well thank you and in my position you're always cautious about speaking for other agencies so i i thank you understood for saying that we should all come to is there to be very direct we should all come together the federal banking regulators cftc the sec there are there are states involved as well and have a coordinated plan for dealing with the virtual currency trading market um i think our main street investors look at these virtual virtual currency trading platforms and assume that they are regulated in the same way that a stock exchanges regulated at as i said it's far from that and i think we should address that issue so i am i hear you say that you don't think we need to have additional legislative authorities i think we may i think we may so first you should get together and tell us what you can and can't do and then us i think that's a very good way to put it center german giancarlo i i think that's exactly right the first step is to recognize where the gap is su the arrays as we both said in different ways the what we call the spot market for bitcoin is not a regulated marketplace now for us at the cfo.

giancarlo clinton cfo chairman doug congress
"federal bank" Discussed on Let's Talk Bitcoin!

Let's Talk Bitcoin!

02:20 min | 3 years ago

"federal bank" Discussed on Let's Talk Bitcoin!

"You chairman giancarlo an all love begin the questioning um first i will say i've had those dinner conversations with my own children and you're right of this is an incredibly interesting but doug growing new area of uh financial challenge particularly among our these might children and yours both of you have set in one way or another that neither of you neither of your agencies have complete jurisdiction over cryptocurrencies the question i have is whether you have sufficient jurisdiction and i'd like both of you to address that question should congress address revising and refining our financial law so that one agency or a group of agencies have complete jurisdiction or if you look at the jurisdiction of all agencies today do we have sufficient jurisdiction in place today german clinton well thank you and in my position you're always cautious about speaking for other agencies so i i thank you understood for saying that we should all come to is there to be very direct we should all come together the federal banking regulators cftc the sec there are there are states involved as well and have a coordinated plan for dealing with the virtual currency trading market um i think our main street investors look at these virtual virtual currency trading platforms and assume that they are regulated in the same way that a stock exchanges regulated at as i said it's far from that and i think we should address that issue so i am i hear you say that you don't think we need to have additional legislative authorities i think we may i think we may so first you should get together and tell us what you can and can't do and then us i think that's a very good way to put it center german giancarlo i i think that's exactly right the first step is to recognize where the gap is su the arrays as we both said in different ways the what we call the spot market for bitcoin is not a regulated marketplace now for us at the cfo.

giancarlo clinton cfo chairman doug congress
"federal bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:07 min | 4 years ago

"federal bank" Discussed on Bloomberg Radio New York

"President and see if the federal bank of saint louis our fruit to this earlier on the show he sat down with our colleagues in tokyo and spoke with limerick kathleen hayes and betty lu about the fed's rate path and the plan to shrink its four point five trillion dollar abound she let's take listen i think a good thing about unwinding the balance sheet is that it will create policy space for the committee in the future if we need it on the rate at south i think that we're not very far from an appropriate rate for the us economy that will keep inflation not too far from target and the labour market performing while so what i disagree with the idea that we have to go two hundred basis points higher to get to some sort of neutral rate i don't think that that say environment that were in i think we can stay about where we are possibly just a little bit higher than where we are today there's going to be a bank source the man removed from the situation because the fed has been buying so many place the ones that are rolling i i just wonder what everyone is saying that this just like no big deal to the bond market will be some impact but it'll be relatively small and to the extent that would be months where there would be a lot of roelof will put some caps on that to keep that under control so they'll be a sort of maximum the markets would face in any particular month here we've got a job market are frazier numbers know seemed to be calling some kind of curious why are they they urb out liar here among the fed speakers that we've seen i mean what are you see that they don't we've been arguing that we're making progress toward our two percent inflation goal but these have been going in the opposite direction in the early months of twenty seventeen i also think in the first quarter we got a relatively weak gdp report it was revised up a little bit but even with that revision i think the first half of twenty seventeen i'll be relatively ordinary gdp growth of around two percent so the the idea that the economy is growing a lot faster than tran and this is going to push up inflation i don't think as matching.

President federal bank tokyo kathleen hayes betty lu fed tran us frazier two percent five trillion dollar